Modern Slavery & Human Trafficking
Modern slavery is a crime and a violation of fundamental human rights. It takes various forms, such as slavery, servitude, forced and compulsory labour and human trafficking (together “modern slavery”).
Adelio Partners Limited is committed to improving its practices to combat slavery and human trafficking wherever possible. This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes to our slavery and human trafficking statement for the financial year ending 31 December 2020.
Adelio is an investment manager that is appropriately authorised and regulated by the Financial Conduct Authority (FRN: 927313). The Firm is based in the United Kingdom.
Adelio manages funds. As such, Adelio's supply chain primarily consists of professional services firms, recruitment agencies, information technology providers and third-party facilities providers.
Policies and procedures
Adelio is committed to ensuring that there is no modern slavery or human trafficking in its supply chain or any other part of its business. The Firm’s senior management has considered its obligation to report on the measures in place to ensure that all parts of the business and supply chain are slavery free. Counterparty take-on and review procedures have been updated where relevant to ensure due consideration is given to identifying and tackling modern slavery issues.
Suppliers adherence to Modern Slavery and Human Trafficking requirements
Adelio has a zero-tolerance policy to slavery and human trafficking; the Firm will assess suppliers on an annual basis to ensure they remain in good standing. This assessment has been updated to ensure that modern slavery and human trafficking are considered, with potential issues documented and immediately raised to senior management for its consideration.
To ensure a high level of understanding of the risks of modern slavery and human trafficking in the supply chain and throughout Adelio’s business, the annual training programme has been updated to specifically reference this area. Employees will be provided with practical guidance on what to look out for and who to contact should they have any concerns.
Adelio’s compliance team are the primary point of contact for employees and will highlight any tangible issues to senior management, should the need arise.
Effectiveness in combating slavery and human trafficking
Adelio’s senior management and wider team are committed to ensuring the effectiveness of the Firm’s Modern Slavery and Human Trafficking mitigation arrangements. The Firm will continue to assess and, where necessary, enhance these arrangements going forward.